Hi all,
I am not sure if you have noticed this but I easily earn 20-40 pips on GBP/USD when day closes.
When daily down-trend is deccelerating price often goes above yesterday's close price. I do it only on GBPUSD because of volatility. When up trend loses momentum price often comes down from previous day's close price.
I consider close time NY 6PM, when on MT4 appear new daily candle.
Additional signals, i.e pin, hammers, dbhlc, dblhc, MAs crossovers are welcome
conversely you can trade when trend is in force in the direction of trend
Important: if you have small "bodys" of candle the system is more reliable
Did you notice this or are you trading so?
thanks
777
I am not sure if you have noticed this but I easily earn 20-40 pips on GBP/USD when day closes.
When daily down-trend is deccelerating price often goes above yesterday's close price. I do it only on GBPUSD because of volatility. When up trend loses momentum price often comes down from previous day's close price.
I consider close time NY 6PM, when on MT4 appear new daily candle.
Additional signals, i.e pin, hammers, dbhlc, dblhc, MAs crossovers are welcome
conversely you can trade when trend is in force in the direction of trend
Important: if you have small "bodys" of candle the system is more reliable
Did you notice this or are you trading so?
thanks
777
Attached Image
kiss the trend